Mumbai, Investors pumped a record Rs 40,608 crore into equity mutual funds in June, up 17 per cent from May 2024, industry body Amfi said on Tuesday.
Flows into systematic investment plans (SIPs) also touched a new high of Rs 21,262 crore during the month, higher than the previous high of Rs 20,904 crore recorded in May, it said.
The net assets under management (AUM) for the entire MF industry in equity schemes stood at Rs 27.67 lakh crore, while those for SIPs were Rs 12.43 lakh crore, the body said.
A total of 55 lakh new SIPs were registered in June, taking the total number to 8.98 crore, he said, adding that 32.35 lakh expired or were closed.
However, Amfi CEO Venkat Chalasani did not respond to a question on SIP's net investments after accounting for outflows.
The overall assets under management of the MF industry stood at over Rs 61.15 lakh crore in June, up about 4 per cent from May.
"After two consecutive months of higher inflows, the mutual fund industry witnessed net outflows to the tune of Rs 43,637 crore for the first time since the beginning of this financial year," said Ashwini Kumar, head of market data at the national rating agency Icra.
Thanks to record inflows into the segment, equity AUM grew to Rs 27.67 lakh crore at the end of June, according to data shared by the body.
Chalasani said there was an outflow of Rs 1.07 lakh crore in debt plans due to early tax refunds, bringing down the total assets under management in the segment to Rs 14.13 lakh crore as on June 30.
Net inflows into large cap schemes grew to Rs 970 crore, up from Rs 663 crore in May, but continued to lag small and midcap schemes which witnessed an inflow of Rs 2,263 crore and Rs 2,527 crore. of rupees respectively, even in the face of concerns. Questions were raised about the assessments.
On investors' continued interest in financial institutions despite high valuations, Chalasani said there is a need to take a longer-term view, adding that valuations are "reasonable."
The great interest of investors in the market is due to the stable returns that have been achieved and also the confidence in the market, he said.
Growth in sectoral and thematic funds was the highest at 13.16 per cent, to take the overall AUM to Rs 3.83 lakh crore, Chalasani said, attributing the jump mainly to the launch of new fund offerings by asset management companies.
Among other schemes, the hybrid segment recorded inflows of Rs 8,854 crore, taking the overall AUM to Rs 8.09 lakh crore.
Passive schemes crossed Rs 10 lakh crore AUM mark, thanks to rally in gold prices which helped gold exchange-traded fund holdings and also inflows of Rs 14,601 crore, Chalasani said.
The Amfi CEO declined to comment on issues related to Quant Mutual Fund, adding that the industry body has not written any communication to the house.
Flows into systematic investment plans (SIPs) also touched a new high of Rs 21,262 crore during the month, higher than the previous high of Rs 20,904 crore recorded in May, it said.
The net assets under management (AUM) for the entire MF industry in equity schemes stood at Rs 27.67 lakh crore, while those for SIPs were Rs 12.43 lakh crore, the body said.
A total of 55 lakh new SIPs were registered in June, taking the total number to 8.98 crore, he said, adding that 32.35 lakh expired or were closed.
However, Amfi CEO Venkat Chalasani did not respond to a question on SIP's net investments after accounting for outflows.
The overall assets under management of the MF industry stood at over Rs 61.15 lakh crore in June, up about 4 per cent from May.
"After two consecutive months of higher inflows, the mutual fund industry witnessed net outflows to the tune of Rs 43,637 crore for the first time since the beginning of this financial year," said Ashwini Kumar, head of market data at the national rating agency Icra.
Thanks to record inflows into the segment, equity AUM grew to Rs 27.67 lakh crore at the end of June, according to data shared by the body.
Chalasani said there was an outflow of Rs 1.07 lakh crore in debt plans due to early tax refunds, bringing down the total assets under management in the segment to Rs 14.13 lakh crore as on June 30.
Net inflows into large cap schemes grew to Rs 970 crore, up from Rs 663 crore in May, but continued to lag small and midcap schemes which witnessed an inflow of Rs 2,263 crore and Rs 2,527 crore. of rupees respectively, even in the face of concerns. Questions were raised about the assessments.
On investors' continued interest in financial institutions despite high valuations, Chalasani said there is a need to take a longer-term view, adding that valuations are "reasonable."
The great interest of investors in the market is due to the stable returns that have been achieved and also the confidence in the market, he said.
Growth in sectoral and thematic funds was the highest at 13.16 per cent, to take the overall AUM to Rs 3.83 lakh crore, Chalasani said, attributing the jump mainly to the launch of new fund offerings by asset management companies.
Among other schemes, the hybrid segment recorded inflows of Rs 8,854 crore, taking the overall AUM to Rs 8.09 lakh crore.
Passive schemes crossed Rs 10 lakh crore AUM mark, thanks to rally in gold prices which helped gold exchange-traded fund holdings and also inflows of Rs 14,601 crore, Chalasani said.
The Amfi CEO declined to comment on issues related to Quant Mutual Fund, adding that the industry body has not written any communication to the house.
